COMMERCIAL NEWS

Ashburton Guardian, Volume 59, Issue 128, 13 March 1939, Page 7

COMMERCIAL NEWS

PRICES OF WOOL IMPROVE. SECOND INVERCARGILL S^LE. INVERCARGILL, March 12. Prices showing improvement on those obtained at the first Invergargill wool sale in February were paid at the second sale yesterday l . Good crossbred ewe wools wore slightly firmer and crossbred hogget wools were a halfpenny to a penny dearer. All round the sale was better by a farthing a. pound. The sale was animated throughout, and practically a full clearance was effected. Competition was marked by intgn.se and active interest, from all sections. The top price was 133 d paid for a line of super halfbred. Although the general rise was a farthing, super hoggets gained fully a penny, and in some cases more. Japanese competition for crossbred hogget wools was good, Bradford, as at the northern sales, was very active, and local mills took a good weight. The official report is: At tho second Invercargill wool sale, a. total of 26,866 hales was offered. There was keen competition by all sections of the trade, and passings Were negligible, amounting to. less than half of 1 per cent., and as this was all sold later by private treaty, a full clearance was effected. On an average tho sale was about a farthing hotter than tho February sale. Bellies, pieces and crutchings were inclined to be slightly easier. Goodyrossbred ewe wools were slightly firmer, and crossbred hogget wools were Jd to Id better. The wool opened in very good condition, and all” round was superior ‘to that of the February offering. Brokers’ values Were fully realised and in many instances exceeded. Germany was a strong buyer of fine crossbreds. Japan was in the market for all best quality crossbred hogget wools, and France, as usual, dominated the market for pieces. The Range of Prices.

THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange on Saturday : LISTED STOCKS.

Tli© range of prices was as follows: — d. d. Merino— Average 10i O o Corriedale— Super m to 135 Average n to 123 Southdown — Average 95 to 103 Medium Halfbred 50-56— Super m to 123 Average 105 to 11-3 Inferior 10ito 103 Extra Fine Crossbred, 48-50-Super 105 to 113 Average 10 to 103 Inferior 9 2 to 95 Fine Crossbred, 46-48 — ■Super 105 to 113 Average 95 to 103 Inferior ■9 to 93 Medium Crossbred, 44-46— Super 10J to 11 Average ... ... 93 to 10 Inferior 9 to 93 Coarse Crossbred, 40-44 — Average 9 to 95 Inferior 85 /to 85 Hoggets — 50-56 — to VJ 48-50 105 to 115 46-48 ... ... 10J to 111 44-46 ... ... 10 to 103 Necks — Fine — to 115 Crossbred 9 to 10 Pieces — Crossbred: Good to super 83 to 93 Average 73 to 85 Bellies— Crossbred: Good to super 8 to 83 Average 75 to 7| Crutchings— Medium to good ... 65 to 8i Inferior to seedy ... 5i to 63 Locks— to 55 Crossbred 3

Sales on ’Change. £ s. d. £200 N.Z. Govt. 4 p.c. Ins., 1943-40 98 12 6 100 Goldsbvough, Mort ... 1 9 ,3 300 Grey River . .. (3) 0 17 LI Sales Reported. 200 Broken Hill Propty. 0 3 (contr.) .. (2) 2